Casella waste systems CFO sells shares worth $20,462

Published 14/03/2025, 21:14
Casella waste systems CFO sells shares worth $20,462

Bradford John Helgeson, Executive VP and CFO of Casella Waste Systems Inc. (NASDAQ:CWST), recently reported a sale of company stock. According to a recent SEC filing, Helgeson sold 197 shares of Class A Common Stock on March 13, 2025, at a price of $103.87 per share, totaling $20,462. This transaction was conducted to cover tax obligations related to previously vested Restricted Stock Units (RSUs) and was executed automatically through a pre-set instruction. The company, currently valued at $6.82 billion, has shown robust revenue growth of 23% over the past year and maintains strong liquidity with a current ratio of 2.0.

In a separate transaction on March 12, 2025, Helgeson acquired 1,902 shares of Class A Common Stock as part of an RSU award under the company’s incentive plan. These RSUs will vest in equal installments over the next three years, starting March 12, 2026. Following these transactions, Helgeson directly owns 5,253 shares of Casella Waste Systems. According to InvestingPro, the stock currently trades above its Fair Value, with 12 additional exclusive insights available to subscribers.

In other recent news, Casella Waste Systems reported an 18.9% year-over-year increase in revenue for the fourth quarter of 2024, reaching $427.5 million, surpassing the forecast of $418.58 million. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.08 compared to the anticipated $0.16. Despite this, Casella Waste Systems saw over 20% growth in adjusted EBITDA and adjusted free cash flow for the fiscal year 2024. The company’s strategic mergers and acquisitions, which have exceeded $1.6 billion in investment, have been a significant driver of this growth. Looking ahead, Casella Waste Systems projects a 15% revenue growth for 2025, with anticipated revenues between $1.775 billion and $1.805 billion. Stifel analysts have expressed confidence in the company’s growth trajectory, raising the price target for Casella Waste shares to $129 while maintaining a Buy rating. Additionally, the company’s deal pipeline remains robust, with expectations for continued double-digit growth supported by recent acquisitions and stable organic growth.

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